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Microcap & Penny Stocks : Kaleidoscope Media Group Inc. (KMGG)

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To: cpbbss who wrote (471)11/17/1998 9:24:00 AM
From: Gogo@SI  Read Replies (1) of 484
 
What does the following filing really mean?

Is it severe or is it something happening ferequently to start-ups?

Gogo

Form NT 10-Q for KALEIDOSCOPE MEDIA GROUP INC filed on Nov 16 1998

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.

FORM 12b-25

NOTIFICATION OF LATE FILING

SEC FILE NO.: 000-17591

CUSIP NO.: 483348 10 8

(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR

For Period Ended: September 30, 1998

[ ] Transition Report on Form 10-K [ ]
Transition Report on Form 20-F [ ]
Transition Report on Form 11-K [ ]
Transition Report on Form 10-Q [ ]
Transition Report on Form N-SAR

For the Transition Period Ended:

-------------------------------------------------------------------------
NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE
COMMISSION HAS VERIFIED ANY INFORMATION CONTAINED HEREIN
-------------------------------------------------------------------------

If the notification related to a portion of the filing checked above, identify
the Item(s) to which the notification relates:

PART I - REGISTRATION INFORMATION

Full Name of Registrant: Kaleidoscope Media Group, Inc.

Address of
Principal Executive Offices: 345 Park Avenue South
New York, NY 10010

PART II - Rules 12b-25(b) and (c)

If the subject report could not be filed without reasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate)

[X] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;

[ ] (b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, 11-K, or Form
N-SAR, or portion thereof, will be filed on or before the
fifteenth calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form
10-Q, or portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and

[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

The financial information necessary to complete the quarterly report
could not be obtained on a timely basis.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this
notification:

Irving Greenman (212) 779-6679

(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities and Exchange Act of 1934 or Section 30 of the Investment Company Act
of 1940 during the preceding 12 month or for such shorter period that the
registrant was required to file such report(s) been filed? If answer is no,
identify reports

[X] Yes [ ] No

(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earning statements to be included in the subject report or portion thereof?

[ ] [X] No

If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if

appropriate, state the reasons why a reasonable estimate of the results cannot
be made.

------------------------------------------------------------------------------

Kaleidoscope Media Group, Inc.
(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.

Date: November 16, 1998 By: /s/ Irving Greenman
Chief Financial Officer
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